Across
- 2. needs; need to give confidence and a sense of security
- 4. The price that supply is equal to demand
- 6. Initialism; monetary value of goods and services and total economic activity in a specific area, over a specific time period
- 8. System in which customs are passed through time
- 13. An assembly line; where each party works exclusively on the component assigned to them; what they are good at
- 15. Steady increase in employment, demand, income and investments; improving economic situation
- 17. economic system in which businesses respond to consumer desires; private ownership may exist
- 18. User; person who utilises a good or service
- 23. A web; the reliance between various organizations and businesses
- 24. Additional percentage rate at which it costs to borrow money
- 25. Economic system in which government controls nearly every aspect of the economy
Down
- 1. Something of value; often in the form of equipment to produce goods efficiently
- 3. needs; must haves for survival
- 5. Increase in prices, decrease in purchasing power of money
- 7. Time with increase in standard of living, investments, and optimal general state of economy
- 9. Goods that can replace one another
- 10. Goods used together; Goods often purchased by consumers at the same time
- 11. needs; need to make one feel included; part of a community
- 12. Whom something originates from; goods made or grown; services provided
- 14. Amount of goods and/or services in a market available to consumers
- 16. An asset acquired in order to gain value over time
- 19. needs; needs that make one feel better about oneself
- 20. Desire to purchase goods and services at a certain price
- 21. Goods used less as income increases
- 22. Decrease in demand, income and investments; increase in unemployment
- 26. Severe reduction in demand, income and investments; overwhelming levels of unemployment